Real Estate Transactions - Overview
Real Estate Transactions
Real Estate Transactions - List
$29.8mm
multifamilyBSP provided a $29.8MM fixed-rate CMBS loan on a 362-unit, garden style apartment community located in Louisville, KY. The loan proceeds were used to retire the existing CMBS loan, pay closing costs, and repatriate equity to the Sponsor.
$115mm
multifamilyBSP provided a $115.0MM financing package that consists of a $85.0MM floating-rate senior loan and a $30.0MM floating-rate mezzanine loan on a 250-unit, to-be-completed, luxury for-sale residential condominium complex located in Hallandale Beach, FL.
$27.01mm
hospitalityBSP provided a $27.01MM floating-rate loan on a 147-key, limited-service hotel portfolio located in Miami Beach, FL. The loan, along with Borrower equity, will fund the acquisition and renovation of the portfolio.
$62.8mm
multifamilyBSP provided a $62.8MM floating-rate loan on a 45-unit, to-be-converted standard multifamily asset into a luxury residential condominium located in New York, NY. The loan along with Sponsor equity will be used to pay off the existing debt, pay hard and soft costs, fund an interest reserve and pay closing costs.
$48.75mm
hospitalityBSP provided a $48.75MM floating-rate bridge loan on a 212-key, select-service hospitality asset in Austin, TX. The loan, along with Sponsor equity, will be used to refinance the existing construction loan, fund an upfront reserve, and pay loan closing costs.
$18.7mm
multifamilyBSP provided an $18.7MM financing package that consisted of a $16.83MM floating-rate senior loan and a $1.87MM floating-rate mezzanine loan on a newly constructed, 62-unit, Class-A multifamily property located in Los Angeles, CA. Proceeds from the loan will be used to retire the existing loan, fund a shortfall reserve, pay for construction completion, fund a bridge to stabilization and pay loan closing costs.
$17mm
hospitalityBSP provided a $17MM fixed-rate loan on a 279-room, full-service hospitality asset located in Dallas, TX. Loan proceeds along with Sponsor equity were used to acquire the property and pay closing costs.
$15.5mm
industrialBSP provided a $15.5MM floating-rate loan on a 907 unit, 81K square foot self-storage complex located in Delray Beach, FL. The loan was used to acquire the Property, fund a shortfall reserve, and pay closing costs
$12.75mm
multifamilyFranklin BSP Realty Trust provided a $12.75MM fixed-rate CMBS loan on a 200-pad leasehold, manufactured housing community located in Anaheim, CA. The loan together with sponsor equity were used to pay off existing debt, fund a ground rent reserve, fund escrows and pay closing costs.
$83mm
multifamilyBSP provided a $83.0MM financing that consisted of a $77.75MM floating-rate senior loan and a $5.25MM floating-rate mezzanine loan on a 245-unit multifamily property located in Rockland County, NY. Proceeds from the loan were used to retire the existing construction loan, fund a construction completion reserve and an upfront shortfall reserve, pay loan closing costs, and repatriate equity.
$18.5mm
hospitalityBSP provided a $18.5MM fixed-rate CMBS loan on a 236-room, dual-branded select & full-service hospitality asset located in Amarillo, TX. Loan proceeds were used to pay off the existing debt and pay closing costs.
$16.1mm
industrialBSP provided a $16.1MM financing that consisted of a $13.9MM floating-rate senior loan and a $2.2MM mezzanine loan on a three-building, 94k sf industrial property located in Riverside, CA. The financing along with borrower equity were used to acquire the property, pay closing costs, fund a shortfall reserve, and provide a future funding facility to complete the borrower’s business plan.
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